We Are One Seven LLC grew its stake in Philip Morris International Inc. (NYSE:PM) by 64.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,973 shares of the company’s stock after purchasing an additional 7,048 shares during the quarter. We Are One Seven LLC’s holdings in Philip Morris International were worth $1,588,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in PM. Hexavest Inc. lifted its stake in shares of Philip Morris International by 9.1% in the first quarter. Hexavest Inc. now owns 651,841 shares of the company’s stock worth $57,616,000 after buying an additional 54,395 shares in the last quarter. Joel Isaacson & Co. LLC lifted its stake in shares of Philip Morris International by 1.1% in the first quarter. Joel Isaacson & Co. LLC now owns 17,337 shares of the company’s stock worth $1,532,000 after buying an additional 188 shares in the last quarter. Surevest Inc. lifted its stake in shares of Philip Morris International by 144.6% in the first quarter. Surevest Inc. now owns 8,699 shares of the company’s stock worth $769,000 after buying an additional 5,142 shares in the last quarter. Aries Wealth Management purchased a new position in shares of Philip Morris International in the first quarter worth about $217,000. Finally, Washington Trust Bank lifted its stake in shares of Philip Morris International by 5.1% in the first quarter. Washington Trust Bank now owns 13,965 shares of the company’s stock worth $1,234,000 after buying an additional 682 shares in the last quarter. Institutional investors and hedge funds own 73.53% of the company’s stock.
Several research firms have recently weighed in on PM. Citigroup raised their price target on shares of Philip Morris International from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. ValuEngine raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Bank of America reissued a “sell” rating and issued a $74.00 price target on shares of Philip Morris International in a research note on Tuesday, March 26th. Zacks Investment Research downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Finally, UBS Group raised shares of Philip Morris International from a “neutral” rating to a “buy” rating and raised their price target for the stock from $86.00 to $101.00 in a research note on Wednesday, February 27th. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $92.43.
Shares of PM stock opened at $84.49 on Friday. Philip Morris International Inc. has a 12 month low of $64.67 and a 12 month high of $94.26. The stock has a market cap of $131.45 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 2.23 and a beta of 0.95.
Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, April 18th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. Philip Morris International had a net margin of 9.74% and a negative return on equity of 78.74%. The company had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.76 billion. During the same period in the previous year, the firm earned $1.00 earnings per share. Philip Morris International’s quarterly revenue was down 2.1% compared to the same quarter last year. As a group, equities analysts predict that Philip Morris International Inc. will post 5.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Tuesday, March 26th were paid a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend was Monday, March 25th. Philip Morris International’s dividend payout ratio (DPR) is presently 89.41%.
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About Philip Morris International
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.
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